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RNS Number : 9673U Deutz AG 03 July 2024
DEUTZ AG / Key word(s): Capital Increase
DEUTZ AG: DEUTZ AG successfully completes cash capital increase through
accelerated bookbuilding
03-Jul-2024 / Disclosure of an inside information acc. to Article 17 MAR of
the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.
NOT FOR DIRECT OR INDIRECT PUBLICATION OR DISTRIBUTION, EITHER IN FULL OR IN
PART, INTO OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, OR JAPAN
OR ANY OTHER COUNTRIES IN WHICH THIS WOULD CONSTITUTE AN INFRINGEMENT OF THE
PERTINENT LAWS OF THOSE COUNTRIES.
Cologne, July 3, 2024 - DEUTZ AG has used part of its authorized capital to
successfully issue 12,614,719 new shares in a private placement by way of an
accelerated bookbuilding process, with exclusion of pre-emption rights. The
share capital of DEUTZ AG has therefore risen by 10 percent to 138,761,914
no-par-value shares. The Board of Management and Supervisory Board of DEUTZ AG
set the placement price at €5.71 per share, resulting in gross issue
proceeds of approximately €72 million.
The new shares are expected to be admitted to trading in the sub-segment of
the regulated market with additional post-admission obligations (Prime
Standard) of the Frankfurt Stock Exchange as well as in the regulated market
of the Duesseldorf Stock Exchange on July 5, 2024 without a prospectus.
Trading in the new shares, which will be included in the existing listing of
the company's shares, is intended to commence on July 8, 2024. Delivery of the
new shares is expected on July 8, 2024.
The net proceeds from the capital increase will allow the DEUTZ Group
('DEUTZ') to retain the flexibility to be able to advance with the successful
implementation of its Dual+ strategy once it has completed its acquisition of
US genset manufacturer Blue Star Power Systems, Inc., including the
possibility of further growth through acquisition. As part of the transaction,
DEUTZ AG is committing to a lock-up, i.e. the Company will not, subject to the
usual market exceptions, issue any further shares or financial instruments
that can be converted into shares or carry out a further capital increase
within a six-month period.
Commerzbank and M.M.Warburg & CO are supporting acting the transaction as
Joint Global Coordinators & Joint Bookrunners in this transaction.
Contact
DEUTZ AG / Mark Schneider / Head of Investor Relations, Communications &
Marketing
Tel: +49 (0)221 822 3600 / Email: mark.schneider@deutz.com
*******
Important information
The distribution of this official announcement and the offer of DEUTZ AG
shares may be subject to legal restrictions in certain jurisdictions. Persons
in possession of this official announcement are obliged to inform themselves
of such restrictions and to comply with them. This disclosure does not
constitute an offer or a solicitation to submit an offer to buy or subscribe
to securities aimed at persons in the United States of America, Australia,
Canada, Japan, or other jurisdictions in which such an offer or solicitation
is unlawful.
Securities must not be offered or sold without registration except where there
is an exemption from the registration requirements in the U.S. Securities Act
of 1933, as amended, or the transaction is not subject to registration
requirements. No public offer of securities will be made in the United States
of America or in any other jurisdiction.
In the member states of the European Economic Area ('EEA'), this official
announcement is aimed solely at persons who are qualified investors within the
meaning of Article 2 (e) of the Prospectus Regulation (Regulation (EU)
2017/1129) (as amended, the 'Prospectus Regulation') ('Qualified Investors').
In the United Kingdom, this official announcement is aimed and directed solely
at qualified investors who are persons (i) with professional experience of
investment matters falling within Article 19 (5) (investment professionals) of
the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
(as amended, the 'Order') or (ii) falling within Article 49 (2) (a) to (d)
(high net worth companies, incorporated associations, etc.) of the Order.
Where this disclosure contains guidance, expectations or statements,
estimates, opinions, or forecasts regarding the likely future performance of
DEUTZ AG ('Forward-looking Statements'), these are based on the current views
and assumptions of the DEUTZ AG management made to the best of its knowledge.
Forward-looking Statements reflect various assumptions drawn from DEUTZ AG's
current business plan or from public sources that have not been independently
verified or assessed by DEUTZ AG and that may or may not prove to be correct.
Forward-looking Statements are subject to known and unknown risks,
uncertainties, and other factors that may cause the results of operations,
profitability, performance, or results of DEUTZ AG, or the success of the
sectors in which DEUTZ AG operates, to be materially different from the
results of operations, profitability, performance, or results expressly or
implicitly assumed or described in these Forward-looking Statements. In view
of these risks, uncertainties, and other factors, persons who receive this
document are advised against relying on these Forward-looking Statements.
DEUTZ AG accepts no liability or guarantee for such Forward-looking Statements
and will not change them to reflect future events and developments.
Information for distributors
In accordance with the requirements of EU product governance, the securities
mentioned herein are subject to a product approval process in which each
distributor has ascertained that these securities: (i) are compatible with an
end target market of retail investors and investors who satisfy the criteria
for professional clients and eligible counterparties, in each case as defined
in MiFID II; and (ii) are eligible for distribution through all distribution
channels permitted by MiFID II. Any distributor that subsequently offers the
securities mentioned herein is responsible for carrying out its own target
market assessment in respect of these securities and for determining suitable
distribution channels.
End of Inside Information
03-Jul-2024 CET/CEST The EQS Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com
Language: English
Company: DEUTZ AG
Ottostraße 1
51149 Köln (Porz-Eil)
Germany
Phone: +49 (0)221 822 2491
Fax: +49 (0)221 822 3525
E-mail: svenja.deissler@deutz.com
Internet: www.deutz.com
ISIN: DE0006305006
WKN: 630500
Indices: SDAX
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate
Exchange
EQS News ID: 1938369
End of Announcement EQS News Service
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